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The proposals from Republicans keep in place the current $10,000 deduction of state and local taxes, called SALT, drawing ...
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Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized ...
Moderate House Republicans from high-tax blue states are seething at the Senate’s proposal to keep the state and local tax ...
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Money Talks News on MSNSenate Republicans Maintain $10,000 SALT Cap Despite House Push for $40,000 LimitThe SALT cap fight intensifies as Senate maintains the $10,000 limit despite House approval of $40,000. Property owners in ...
“In the Senate, at least, there isn't a high level of interest in doing anything on SALT,” Senate Majority Leader John Thune ...
A Republican-controlled Senate committee Monday rolled back the SALT deduction cap to $10,000 in its first draft of President Trump’s sprawling budget bill, a dramatic reversal from the $40,000 ...
Representative Mike Lawler, Republican of New York, posted on social media that any Senate measure that renewed the $10,000 SALT cap would be “DEAD ON ARRIVAL” in the House. The Senate dropped ...
House Republicans who secured a bigger cap on state and local tax deductions are pushing back on Senate Republicans, who are keeping the SALT cap at $10,000 in their forthcoming legislation as a ...
A plan championed by Republicans from New York in Congress to quadruple the current $10,000 cap on the federal deductibility ...
Blue state House Republicans sounded the alarm Monday following reports that a hard-fought increase to the state and local tax (SALT) deduction cap would be nixed by Senate GOP taxwriters in ...
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